UBS increased its price target for Computacenter PLC by 33% to 7,000p, citing strong growth prospects from AI data centre demand, a German market rebound, and hardware refresh cycles. Despite an 81% share gain this year, UBS sees further upside, raising profit forecasts for 2026 and 2027 above consensus. Key drivers include expanding hyperscale customer business, notably SpaceX's planned computing capacity growth, and increased public sector spending in Germany. UBS now values Computacenter at a higher premium than peers, expecting continued upward revisions to earnings estimates.
A Bitcoin wallet from the Satoshi era, dormant since 2011, moved 40 BTC worth about $3.09 million, showing a 2,571,899% gain. This move challenges a $293 billion class-action lawsuit in New York claiming dormant crypto is abandoned property. The tran...
Bitcoin surged past $80,000 following a 4.3% gain on Friday, extending a strong recovery that began in late August after a tough third quarter. Despite the rally, Fidelity warns the bear market might not be over, citing Bitcoin's historical four-year...
Volkswagen announced plans to cut an additional 50,000 jobs as part of its Future Plan 2030, a major restructuring effort to address rising tariff costs, global competition, and changing market demands. This move adds to 50,000 previously approved cu...
Shares of Borders & Southern Petroleum fell 15% following Argentine President Javier Milei's announcement to accelerate sanctions against companies involved in oil projects near the Falkland Islands. Milei specifically targeted British firms Rockhopp...
Keel Infrastructure, formerly Bitfarms, saw its stock rise 7.72% following positive developments on its proposed 96-megawatt data centre in Sherbrooke, Quebec. This increase added about $148 million to the company's market cap, raising the value of b...
